The ETF hub is located in Denmark and operated by Energinet.dk. It was launched in 2008 by Gaspoint Nordic which integrated PEGAS in 2016. Tradable contracts include spot and futures instruments, ranging from Intraday trading to the next month. The trading unit is Euro/MWh and the volume unit is MW.

The GASPOOL delivery area is one of Germany’s two delivery zones. It is a virtual delivery point operated by GASPOOL Balancing Services since 2009. Tradable GASPOOL contracts on PEGAS include spot and futures instruments, ranging from Intraday trading to the next 4 calendar years. The trading unit is Euro/MWh and the volume unit is MW.

The National Balancing Point (NBP) market area is located in the United Kingdom. This virtual trading point, Europe’s second most liquid gas trading zone, is operated by National Grid. Tradable NBP contracts include spot and futures instruments, ranging from intraday trading to the next 3 calendar years. The trading unit is pence/therm and the contract volume unit is kth/day.

Zeebrugge Trading Point (ZTP) is the newer virtual gas trading point in Belgium, operated by Fluxys since 2012. Tradable ZTP contracts on PEGAS include spot and futures instruments, ranging from Intraday trading to the next month. The trading unit is Euro/MWh and the contract volume unit is MW.

The virtual trading TTF (Title Transfer Facility) is located in the Netherlands and operated by Gasunie Transport Services since 2003. This virtual trading point is considered Europe’s most liquid market. Tradable TTF contracts on PEGAS include spot, futures, and options instruments, ranging from intraday to the next 4 calendar years. The trading unit is Euro/MWh and the contract volume unit is MW.

The Zeebrugge Hub is the natural gas physical trading point in Belgium. Created and operated by Fluxys since 1999, it is connected to the National Balancing Point (UK) via the Interconnector. Tradable ZEE contracts on PEGAS include spot and futures instruments, ranging from intraday to the next calendar year. The trading unit is pence/therm and the contract volume unit is kth/day.

The Punto di Scambio Virtuale (PSV), or virtual trading point, is located in Italy and operated by Snam Rete Gas. PSV Financial and physical futures launched by PEGAS in 2015. Tradable contracts include futures instruments, ranging from the next 3 months to the next  calendar year. The trading unit is Euro/MWh and the contract volume unit is MW.

The CEGH VTP (Central European Gas Hub Virtual Trading Point) market area is located in Austria.  It is a virtual trading point operated by CEGH since 2009. CEGH Exchange joined PEGAS in 2016. Tradable contracts include spot and futures instruments, ranging from intraday trading to the next 2 calendar years. The trading unit is Euro/MWh and the contract volume unit is MW.

Located in France, the PEG hub is operated by GRTgaz. It is the result of the merger between PEG Nord and TRS. Tradable PEG contracts include futures instruments, trading up to the next 2 calendar years. Spot contracts are still traded on PEG Nord until the end of October 2018. The trading unit is Euro/MWh and the contract volume unit is MWh/day.

The French TRS (Trading Region South) is formed by the southern part of the GRTgaz network (ex-PEG Sud), together with the TIGF network in South-West France (ex-TIGF). Spot contracts (intraday, Day-ahead and Weekend instruments) are still traded until the end of October. Futures contracts are traded within the PEG offering. The trading unit is Euro/MWh and the contract volume unit is MWh/day.

The NCG delivery area is one of Germany’s two delivery zones. It is a virtual delivery point operated by NetConnect Germany since 2008. Tradable NCG contracts on PEGAS include spot and futures instruments, ranging from Intraday trading to the next 4 calendar years. The trading unit is Euro/MWh and the volume unit is MW.

CZ VTP is a cooperation between Powernext, Central European Gas Hub (CEGH) and Power Exchange Central Europe (PXE). All spot and futures products are integrated into the PEGAS platform on 8 December 2017. Geographical spread products with TTF, GPL, NCG and CEGH VTP are also available.